How To Get Energy Credit From A New AC System
Did you know that upgrading your AC to be more energy-efficient can help you become eligible for an energy tax credit? Energy Credit can help you save money! Read below to learn if you’re eligible!
Energy Credit: What You Need To Know
For 2024, homeowners looking to claim residential tax credits for energy efficiency can take advantage of two main types of credits: the Energy Efficient Home Improvement Credit and the Residential Clean Energy Credit. Both were expanded through the Inflation Reduction Act of 2022, and these incentives can now be claimed annually for qualifying expenses until 2032.
Energy Efficient Home Improvement Credit: This credit covers 30% of the cost of eligible improvements such as energy-efficient windows, doors, insulation, and heating/cooling systems, with a cap of $1,200 per year. Notably, heat pumps and biomass stoves have a higher limit of $2,000 annually.
Residential Clean Energy Credit: This credit provides a 30% return on the installation costs for renewable energy systems like solar panels, wind turbines, and geothermal heat pumps, with no dollar cap until 2032.
To claim these credits, homeowners must attach Form 5695 to their tax return and meet the eligibility criteria for energy-efficient improvements​(
Check IRS guidelines to ensure that your home improvements qualify and to explore detailed eligibility for these credit
Why You Should Switch To Energy Renewable Energy Systems:
Help improve the environment in and outside of your home with renewable energy. Renewable energy is not only good for your budget but good for your health. Emissions can cause issues to the air around you, making asthma and other allergens worse.Â
Contact Air Rescue today to learn how energy-efficient HVAC upgrades can qualify for valuable tax credits, and make your home more eco-friendly while reducing energy costs. You will receive superior service and affordable pricing. Our highly qualified team can provide a new energy-efficient AC system installation quickly, and we are always ready to respond in case of an emergency to 24/7. Service you can depend on every time—no competitor can match it and we’ve been doing it that way for more than 70 years.
Need emergency repairs or it’s time for a total system checkup? Regular maintenance will ensure your system is clean and works within +/- 2 degrees. In fact, we’ll give your HVAC system a complete checkup for free, avoiding expensive service calls and future repairs. For more information visit our website at airrescueflorida.com or give us a call at 813-358-3431!
